Geithner "Burned Billions," Shafted Taxpayers on CIT Loan

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
[quote name='Forplay' date='02 November 2009 - 12:21 PM' timestamp='1257193261' post='50575']

Obama at work, it's easy to spend our money and to make matters worse he negotiated the worst deal in history with CIT. We just lost 2.3 billion.



http://finance.yahoo.com/tech-ticker/article/364593/Geithner-%22Burned-Billions%22-Shafted-Taxpayers-on-CIT-Loan-Prof.-Bill-Black-Says?tickers=cit,aig,xlf,skf,gs,c,bac&sec=topStories&pos=9&asset=&ccode=

[/quote]

I have a thread on the CIT affair, this will put many small businesses including farms out of business. The tax payer gets to pay for this mess, and AIG gets to reap the rewards.
 
Sep 2009
2,323
0
[quote name='michaelr' date='02 November 2009 - 01:34 PM' timestamp='1257197693' post='50623']

I have a thread on the CIT affair, this will put many small businesses including farms out of business. The tax payer gets to pay for this mess, and AIG gets to reap the rewards.

[/quote]



Thanks to Obama the tax payer just lost 2.3 billion in just a few months, he did not clean up anything. AIG is also government owned and I don't know how their going to reap any rewards. Maybe you can explain.